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NS&I launches savings certificate value calculator

27 June 2006
National Savings and Investment (NS&I) has given its customers a helping hand to track the value of their savings certificates by unveiling a new online calculator.

The calculator is a replacement for the outdated cash value tables, published monthly, that would tell holders of a certificate approximately how much their initial investment was now worth.

The certificates are inflation-beating investments that offer tax-free returns over set periods of three or five years.

"By tracking RPI (the Retail Price Index) and paying fixed rates of interest on top, inflation-beating savings guarantee your money grows in real terms," said Peter Cornish, marketing director at NS&I.

"Making life easier for customers is important to NS&I - that is why we have designed this calculator as a quick way for customers to track growth and monitor their savings."

The calculator can be accessed here.

To read more about investment, click here.

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